Ideas & Work

Thought Leadership

First look at COVID-19 jobs numbers: Bad data, worse reality

First look at COVID-19 jobs numbers: Bad data, worse reality

Statistics Canada just released the first piece of hard data providing a glimpse into the impact of the COVID-19 and oil price crises on the Canadian and Alberta economies. Until today, economists were left to guess about the impact. We could see the devastation –...

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How well does GDP per capita really measure our well-being?

How well does GDP per capita really measure our well-being?

When economists try to determine if a country is ‘prosperous’, the most commonly used indicator is GDP per capita, which is a measure of the total value generated by an economy in a given year divided by the number of people living in it. Why do we use GDP per capita...

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